Published May 8, 2017 1:56pm EDT | Updated May 8, 2017 3:04pm EDT

Howard Hughes Shares Surge As Bill Ackman Talks Up Land Developer

Howard Hughes Corp. shares jumped Monday after Pershing Square's Bill Ackman talked up his long position on the master plan community developer at the Sohn Conference. Howard Hughes shares surged as high as $127.39 and were last up 3.5% at $126.40. Ackman is the largest shareholder in Howard Hughes with an 8.9% stake, according to FactSet data.